Acton's February Real Estate Market Update
Wednesday Mar 01st, 2023
Welcome to March!!
Taking a look at Acton specific numbers for the Real Estate Market throughout February of 2023 here are the Highlights
- Nine homes sold firm
- One was left sold conditionally
- Average days it took to sell firm was 24
- There were 11 new listings - five of which were relisted
- The average sale price in Acton was $857,612
- The average sale price is 98% of asking
While looking at these numbers, it shows trends of negotiations happening between buyers and sellers ending up with a sale price of 98% of listing price, it also shows that buyers are having the opportunity to include conditions in their offers. Allowing for a buyer to complete a financing or home inspection condition gives everyone included in the deal more peace of mind that the deal will complete at closing.
The price trend we are seeing brings us back to pricing that we saw in the Fall of 2021 - before the peak of the market. I believe that the market is steadying now with buyers beginning re-enter the market as Spring approaches and we also see interest rates starting to stabilize.
Keeping an Eye on the Real Estate Market in Acton
Broker of Record
Royal LePage Escarpment
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